The National Association of Small Holders, Malaysia (NASH) -- the trade association that represents the interests of the more than 300,000 small palm oil farmers in Malaysia -- is out with a new video disputing President Obama\'s recent comments about the Malaysian Palm Oil industry. NASH is taking this opportunity to share the facts of the palm oil industry in Malaysia: FACT: Malaysia is keeping the promise made at the Rio Earth Summit in 1992 to maintain at least 50 percent forest cover. According to the UN FAO, 62 percent of Malaysia is forest cover. FACT: Only 15 percent of the land in Malaysia is palm oil planted. FACT: Malaysia\'s palm oil industry includes over 300,000 small farmers. Palm oil is a versatile food ingredient that is 100% free of trans fats, and is used in many baked goods, such as cookies and cereals. Palm oil derivatives can also be found in household products such as detergents. Today, more than 300,000 small farmers throughout Malaysia cultivate oil palms on plantations between 4 and 40 hectares, contributing to the more than 18 million tons of palm oil exported to the world every year. Small farmers of palm oil have played a major role in poverty reduction in Malaysia, and improving prosperity for rural communities. Malaysia\'s small farmers are a robust and diverse group of individuals, all contributing to Malaysia\'s national prosperity and cultural identity. They play an integral role in the success of the industry, which contributes RM53 billion (USD 16.57 billion) to Malaysia\'s Gross National Income.